INSIDER TRADING Freewest Pres. Watson a buyer
Freewest Resources (TSE) President Mackenzie Watson will be a very rich man if his company’s Harker-Holloway, Ont., gold joint venture with Noranda (TSE) lives up to expectations. Figures released by …
News
Shortage of Soviet oil in Cuba could push nickel prices higher
Economic woes in Cuba, which produces about 5% of the world’s nickel, could trigger a runup in nickel prices, industry analysts say. The price of nickel, currently about US$3.70 per lb., could reach U…
Noranda options Camreco property
A letter of agreement has been entered into between Camreco (TSE) and Noranda Exploration, a unit of Noranda (TSE), whereby the latter may earn a 50% interest in the Goldlund gold property in northwes…
Vancouver Stock Exchange Chase, Grizzly buck trend
The Vancouver Stock Exchange continued its progression of record lows over the week ended Dec. 11. The Composite Index settled with an 8-year record low close of 505.84 before rebounding somewhat to f…
U.S. REPORT Initial results from Fort Knox bulk sample
Preliminary assay results were released by Fairbanks Gold (VSE) from a 45,000- ton bulk sample mined at its 51% owned Fort Knox gold property near Fairbanks, Alaska. The company said the preliminary, …
Spot prices at a glance (December 17, 1990)
Week’s Price (US) Change Gold* $377.30 — $7.45 Silver* $4.15 + $0.04 Platinum*$429.75 + $3.00 Nickel** $3.70 + $0.03 Lead** $0.29 — $0.02 Copper- $1.11 — $0.02 Zinc– $0.56 — $0.01 Courtesy of Sco…
Toronto Stock Exchange Metal stocks up as Noranda tightens purse
Base metal stocks continued to benefit from the prospect of lower interest rates and the likelihood of a peaceful solution to the Gulf crisis during the week ended Dec. 11. The big producers including…
LETTERS TO THE EDITOR Another view of the Roman Empire
Your review (T.N.M., Nov. 26/90) of The Roman Empire reflects the view of the book’s author, Paul McKay, who obviously has omitted some facts. Thus your article reveals that the book was written with …
Ontario supports Shoal Lake mining
Ontario’s mines minister, Gilles Pouliot, says the Ontario government supports mining development on Shoal Lake in northwestern Ontario as long as it does not threaten the available supply of drinking…
COATS (over-the-counter) Card claims gain value
A 5-claim package owned by Card Lake Resources in Holloway Twp., Ont., is looking increasingly attractive as Noranda probes extensions of the Lightening gold zone on a property optioned from Canamax. …
New gold showing near Seabee mine site
Exploration in the vicinity of the Seabee mine site in northern Saskatchewan has uncovered a promising new gold showing, say partners Claude Resources (TSE) and Manchester Resources. While prospecting…
Craftech, Revere deal
Craftech Manufacturing, a private company, has signed an option deal to earn a 50% interest in Revere Resources’ (VSE) Rice Lake gold property near the old San Antonio mine in Manitoba. The deal marks…